Update to “Don’t do this too often” post

As EXPECTED

Keep it simple, simple use of Indicators, market pattern is ALL you really need.

Please note – I have ONLY put a suggested Elliott Wave numbers on the chart for illustrative purposes only – I NEVER label my charts with EW numbers/counts – I’ve shown them on here so that you can see the labelling of the swings.

The position of the DToscs at #2orB gave things away!

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Still waiting for the CRASH?

As I mentioned yeeeeaaaarrrrs agooooooo

I think you’re in for a very long wait.

The markets did within reason what I was expecting from as far back as 2012/13 – 4-5 years ago!

I think this is do or die for the Elliott Wave Method – again as mentioned on here back in 2012 or 2013 – they do not have any option but a massive crash – it’s already over extended (1st spouted waaaaay back in 1986 – yes 1986) then repeated in 2000, 2007 and most recently ALL the way from the 2009 bottom.

It Is NOT going to happen

Gann WAS AWARE of Ralph.N. Elliott and his method as they were around at the same time – but Gann never mentions it, I’m working on a method that is more advanced than Elliott Wave Principle – Gann knew that the market puts in more “waves” than 5 up and 3 down = 8 (there’s an extra few more waves) as I’ve NEVER been happy with Elliott Wave Theory in its current form.

Anyway, ALWAYS trade in the direction of the market and as you can SEE from the chart below since 2009 which way has the big thick arrow been pointing?

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At some point in time there WILL be a decent correction of significance – 15%, 20%, 25% etc and AS the growth of the market is greater than years gone by then so will any correction – A 30% correction @ 5,000 will have bigger looking swings than those 30% corrections @ 1000 – yet the % drops are likely to be similar.

Good luck

Ted Baker?

EVERY night I scour the FTSE350 Index for possible trades, once found I shove them into a prospect list on my charting software to review.

Sometimes the prospects are ripe and ready to place orders for the next mornings open – other such as this are what I calling “getting into position” this means their not quite fully formed as a trade but getting close.

There’s no guarantee these comply and often you just have to ditch the chart as the market failed to form as required – REMEMBER WE ONLY TAKE TRADES THAT ARE ULTRA HIGH PROBABILITIES.

Details on chart – I will update the chart going forward in later posts so that you can follow it’s progress or failure whichever it may happen to be.

The outlook is BULLISH purely down to the WEEKLY DTosc position as it is – that does not mean we trade now!

PS – This is purely for educational value, I have absolutely NO intention of trading this market – I just want to show you that if you find a pattern that repeats often in the markets then you can trade them should you wish – just like this one.

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Should this example/paper trade trigger to the long side as expected I will put the targets onto the chart and a potential way to manage the trade.

But first you HAVE to read the commentary on the chart below for an alternative view – one of them will work out which one?

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EDIT – I am aware that the EW count is on the WEEKLY chart and I’m talking about a trade on the DAILY chart – It is perfectly possible for this to happen – I will explain in full detail in a month or so

Gann Series – PRE-Intro

Keep an eye out for my new Gann Series – Introduction coming towards the end of this month – It will be ad-hoc posting over the course of time as it’s something extra I plan to do.

It will be an “eye-opener” to make you think, explore and research for yourself – I’m NOT a Gann Expert – I know enough to know that in his course’s and books he actually revealed very little about his true method (and I don’t know his true method!) I am sure a few thousand people around the globe do know his precise methods from their research but researching those people would also take you decades of time! – Some may be well-known, I don’t need to know as I’m not that interested in subscribing to this or that or other peoples books.

I’m NOT knocking Gann – his methods he details in his courses and books are still more informative, interesting AND relevant than most of the trading/Investing books published since his time – which says something about today’s authors/traders etc!

For ME, all I want is to know the significant trend direction for the next X years so that I can have that into my mind when trading – I only trade LONG too – I think I’ve found that with my personal cycle analysis of the 17 yr cycle – this can then be broken down in smaller cycles BUT where my cycle analysis FAILS, is it does NOT tell me whether a cycle turn will be UP or DOWN, so you have to trade warily of that fact.

For me I would love to know and understand Gann’s true methods, but I doubt I’d change the way I trade, it would just enhance my confidence in positions if you knew when they should end etc.

My style of writing is to the point and very direct – I’ve read too many books [98% of which have been binned] that are filled with rubbish info with only 5-10 pages of essential info – just give me a book with the 5-10 pages of good stuff then!

If you make 20% a year from Investing/Trading you’ll do very well over the years due to the compound nature of money – I’ve shown you over the past few months that you can make decent returns by trading/Investing simply using market FACTS – See my pages on FTSE250/Nasdaq100 & Gold using a very simple method.

Unfortunately people don’t make money trading – they use methods such as moving averages, Elliott Wave Analysis and Indicators and think that they’ll work just because a book selling them info is published “so it must work”!!!!!!

In Gann’s courses he details LOTS of stats on the market, lots of stats on bull and bear markets etc and he also gives you basics to trade – I use one of his methods very successfully, as it catches trends and bottoms nicely – BUT if I put all his dates/time cycles on my charts I’d have loads of potential turn dates overlapping one another and no definite date to watch – you can’t use this to risk money on (well I can’t and won’t anyway) – Over the course of the series we’ll be extracting bits from his course to analyse and test in current markets to show you – the Law of averages (this is NOT a NATURAL LAW) says that some will work and some won’t – we’ll see when we look at that blog post in the months ahead.

As you’ll figure out as we go through this series – most of Gann’s work was generalisations – he hid his true work as you’ll see.

Watch out for the Intro post coming to you this month.

Until then happy trading and wishing you every success in all parts of your life.